• Monetary Metals
    02/09/2016 - 02:05
    On Jan 28, the price of silver flash crashed. This irregularity occurred around the silver fix. The spot price was $14.40 but the fix was $13.58.

Recession

Tyler Durden's picture

Deutsche Bank Is Scared: "What Needs To Be Done" In Its Own Words





"So back to the  original question WHAT NEEDS TO BE DONE. Simple?  Recognize the problem. It is not oil, it is not in the banks..it is a run on central bank liquidity, especially dollar based and there needs to be much more ($) liquidity.... Cash shd be charged interest -- put the micro chip in large denom notes/tax cash withdrawals.. encourage spending not saving."

 
Tyler Durden's picture

The Economy In Pictures: We've Seen This All Before





“Are we closer to an economic recession or a continued expansion?” With the Fed hiking interest rates, and talking a tough game of continued economic strength, the risk of a “policy error” has risen markedly in recent months. The markets, falling inflation indicators, and plunging interest rates are all suggesting the same.

 
Tyler Durden's picture

"The Market Knows It's Over" Jim Rogers Warns "We're All Going To Suffer"





"...investors around the world are realizing that the jig is up... We’re all going to suffer… Central Banks will panic but the market knows this is over and we’re not going to play this game anymore."

 
Tyler Durden's picture

Another Data Point To Ignore: Dividend Cuts Have Surpassed 2008





Being "paid to wait" in high-yielding stocks last year was a death by 394 cuts. As Bloomberg reports, the number of dividend reductions far surpassed 2008, almost 100 more than at the outset of the Great Recession - a time when the implosion of Lehman caused equity markets to plummet in the later stages of the third quarter.

 
Tyler Durden's picture

Either Banks Are Cheap... Or The Market's Gonna Crash





Simply put, either large cap Financials are cheap, or the entire U.S. equity market is still overpriced. Their precipitous decline year to date means markets fear they are both the transmission mechanism for a global slowdown/recession to come and a primary victim of that event.

 
Tyler Durden's picture

JPMorgan Unveils The "Bogey" For NIRP In The US





"it seems reasonable to judge that the Fed’s current political situation is more parlous than is the case among its overseas counterparts. For all of the above reasons, we believe the hurdle for NIRP in the US is quite high, and we would need to see recession-like conditions before the Fed seriously considered this option."

 
Tyler Durden's picture

Key Events In The Coming Week: Janet Yellen Testifies, China Closed





With China celebrating the Lunar New Year and offline until next weekend, and with the US in the usual post-payrolls macro newsflow lull, the markets will have more than enough time to stew in the latest source of contagion fears, namely Europe, the same Europe which until recently was fixed but is broken all over again.

 
Tyler Durden's picture

Futures, Global Stocks Tumble As Europe Bank, Periphery Carnage Unfolds





Everything went from bad to worse once Europe opened, and things started going "bump in the morning" across the European banking sector, where not only has it been more of the same with CDS spreads for major banks - most notably Deutsche Bank - continuing their surge wider, but also EM spreads to Bunds all following, with the Portugal-Germany Yield spread blowing out above 300 bps for the first time since 2014, and other peripheral nations following.

 
Tyler Durden's picture

What The Charts Say: "Now Is The Time To Worry"





“Let me be clear with you. YES, it is time to worry, and it may be time to worry a lot. ...something wicked this way comes.”

 
Tyler Durden's picture

2016 EPS Growth Estimates Slashed By 50% Just One Month Into The Year





We open it up to readers to determine in how many weeks will full year 2016 EPS be revised tom 4.3% as of the start of the year, to 2.2% currently, to negative, indicating at least 7 consecutive quarters of declining EPS, something not recorded even during the peak of the financial crisis. Incidentally, an earnings recession is two consecutive negative quarters of EPS: we don't know what the technical term is for seven...

 
Tyler Durden's picture

Bank Of America Admits The U.S. May Already Be In A Recession





"The US Treasury curve is still steep by historical standards. Taken at face value, this may suggest recession odds are small. However, we argue this logic is flawed because the curve is structurally steep when the Fed Funds rate is close to zero. When adjusted for the proximity of rates to zero, the curve may already be inverted and therefore may already be priced for a recession./// Implied recession odds are as high as 64% if the adjusted OIS curve is used"

 
Tyler Durden's picture

The American Dream Is Dead (And Now Even The Mainstream Media Is Starting To Admit It)





Are you living “the American Dream”?  If so, you should consider yourself to be very fortunate, because most Americans are not

 
Tyler Durden's picture

Morgan Stanley: "We Struggle To Remember When Bearish Sentiment Was As Widespread As Today"





"... the growing perception that central banks are moving away from QE-style programmes to negative interest rates is less supportive for equities, in our opinion. With little evidence so far that negative rates boost aggregate economic activity, the risk is that this policy tool increasingly resembles a more blatant form of 'beggar thy neighbour' currency devaluation. A shift towards a more nationalistic and perhaps less coordinated global policy response could signal a quickening in the pace of fiat currency debasement and augurs badly for risk appetite, in our view."

 
Tyler Durden's picture

Is This How The Smart Money Is Betting On A Market Crash?





Instead of allocating capital to expensive tail risk bets on direct asset class collapse (in equities, credit, and commodities), it appears, just as we detailed previously, the 'smartest money in the room' is "betting" indirectly on a stock market crash through eurodollar options.

 
Tyler Durden's picture

P2P Cracks Start To Show As LendingClub Write-Offs Double Forecasts





“Their business is to take data and use that to underwrite risk. If you’re an investor in the loans on the platform, this creates a concern around that underwriting model.”

 
Syndicate content
Do NOT follow this link or you will be banned from the site!